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(MAGNUM) Magnum Ventures complete technical analysis [charts+indicators] | Buy/Sell Magnum Ventures | (MAGNUM) share price targets

Complete technical analysis of Magnum Ventures (MAGNUM) by charts plus indicators, forecast predictions and share price targets for Magnum Ventures (MAGNUM)

Magnum Ventures trades in NSE in Paper & Paper Products sector.

Showing technical analysis as on 2024-11-18 View latest technical analysis

10 day averaged volume of Magnum Ventures is 435948

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	44.38	43.56	45.99	41.50	0.9 times
14 Thu Nov 2024	44.04	52.50	52.50	43.10	2.115 times
13 Wed Nov 2024	52.12	53.50	54.50	50.16	1.64 times
12 Tue Nov 2024	54.58	50.10	56.60	50.10	2.517 times
11 Mon Nov 2024	50.34	52.01	52.01	50.00	0.284 times
08 Fri Nov 2024	52.36	50.50	53.00	49.02	1.868 times
07 Thu Nov 2024	49.73	51.59	51.59	49.55	0.298 times
06 Wed Nov 2024	50.50	49.50	52.34	48.36	0.716 times
05 Tue Nov 2024	48.66	46.99	49.26	46.22	0.308 times
04 Mon Nov 2024	46.28	48.00	48.51	45.25	0.132 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 44.8, but if it comes above 44.8, then a intra day buy could be more profitable.
If you take a sell trade below 44.8, then use 44.8 as stoploss and 41.3 as target. However if you take a buy trade in stock , then use 44.8 as stoploss and 47.75 as target.

Share price targets for Magnum Ventures (MAGNUM)

Target Type	Value
Downside Target	41.50
Downside Target	42.76
Downside Target	44.00
Upside Target	45.07
Upside Target	47.77
Upside Target	49.80
Upside Target	52.60
Upside Target	53.00
Upside Target	54.02
Upside Target	55.48
Upside Target	55.95
Upside Target	56.60

Intraday share price targets for Magnum Ventures (MAGNUM)

Target Type	Value
Downside Intraday Target	41.92
Downside Intraday Target	39.47
Upside Intraday Target	46.41
Upside Intraday Target	48.45
Downside Intraday Target	43.96

Weekly technical analysis of Magnum Ventures (MAGNUM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	44.38	43.56	45.99	41.50	0.137 times
14 Thu Nov 2024	44.04	52.01	56.60	43.10	1.974 times
08 Fri Nov 2024	52.36	48.00	53.00	45.25	3.391 times
01 Fri Nov 2024	48.42	45.35	49.80	44.00	0.837 times
25 Fri Oct 2024	44.68	50.33	50.33	42.76	0.727 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Magnum Ventures (MAGNUM)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	44.38	48.00	56.60	41.50	1.008 times
31 Thu Oct 2024	47.98	47.47	52.60	41.65	1.771 times
30 Mon Sep 2024	46.52	50.00	54.02	45.07	0.622 times
30 Fri Aug 2024	51.14	54.99	55.48	45.40	1.026 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Magnum Ventures (MAGNUM)

Price action analysis of Magnum Ventures ( (MAGNUM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Magnum Ventures ( (MAGNUM) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Magnum Ventures ( (MAGNUM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Magnum Ventures stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Magnum Ventures in short term but the sell signal is initial and weak.

Magnum Ventures Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Magnum Ventures in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Magnum Ventures is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 50.11 and Magnum Ventures (MAGNUM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Magnum Ventures (MAGNUM) stock. Volume based technical analysis of Magnum Ventures (MAGNUM) stock is negative.

Magnum Ventures Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.